GDE vs. BTCI

Last updated Jul 22, 2026

GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) and BTCI (NEOS Bitcoin High Income ETF) are both exchange-traded funds - GDE is a Gold fund actively managed by WisdomTree, while BTCI is a Cryptocurrency fund actively managed by Neos. Both are actively managed. Over the past year, GDE returned 32.42% vs -39.20% for BTCI. At a 0.36 correlation, their price movements are largely independent. GDE charges 0.20%/yr vs 0.99%/yr for BTCI.

Performance

GDE vs. BTCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and NEOS Bitcoin High Income ETF (BTCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDE achieves a 0.84% return, which is significantly higher than BTCI's -22.66% return.

GDE

• 1D: 2.17%
• 1M: -2.88%
• 6M: -6.23%
• YTD: 0.84%
• 1Y: 32.42%
• 3Y*: 40.14%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 29.79%

BTCI

• 1D: 0.85%
• 1M: 3.87%
• 6M: -24.65%
• YTD: -22.66%
• 1Y: -39.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -2.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GDE vs. BTCI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	0.84%	73.76%	-0.51%
BTCI NEOS Bitcoin High Income ETF	-22.66%	-1.09%	26.12%

Correlation

The correlation between GDE and BTCI is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (All Time) Calculated using the full available price history since Oct 17, 2024	0.36

Return for Risk

GDE vs. BTCI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GDE

GDE Risk / Return Rank: 37
GDE Sharpe Ratio Rank: 40
GDE Sortino Ratio Rank: 36
GDE Omega Ratio Rank: 41
GDE Calmar Ratio Rank: 38
GDE Martin Ratio Rank: 32

BTCI

BTCI Risk / Return Rank: 2
BTCI Sharpe Ratio Rank: 2
BTCI Sortino Ratio Rank: 2
BTCI Omega Ratio Rank: 2
BTCI Calmar Ratio Rank: 2
BTCI Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GDE vs. BTCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and NEOS Bitcoin High Income ETF (BTCI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GDE	BTCI	Difference
Sharpe ratio: Return per unit of total volatility	1.06	-0.98	+2.04
Sortino ratio: Return per unit of downside risk	1.46	-1.39	+2.85
Omega ratio: Gain probability vs. loss probability	1.20	0.84	+0.37
Calmar ratio: Return relative to maximum drawdown	1.44	-0.81	+2.25
Martin ratio: Return relative to average drawdown	3.36	-1.32	+4.67

GDE vs. BTCI - Sharpe Ratio Comparison

The current GDE Sharpe Ratio is 1.06, which is higher than the BTCI Sharpe Ratio of -0.98. The chart below compares the historical Sharpe Ratios of GDE and BTCI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GDE vs. BTCI - Drawdown Comparison

The maximum GDE drawdown since its inception was -32.01%, smaller than the maximum BTCI drawdown of -48.42%. Use the drawdown chart below to compare losses from any high point for GDE and BTCI.

Drawdown Indicators

	GDE	BTCI	Difference
Max Drawdown Largest peak-to-trough decline	-32.01%	-48.42%	+16.41%
Max Drawdown (1Y) Largest decline over 1 year	-22.66%	-48.42%	+25.76%
Max Drawdown (3Y) Largest decline over 3 years	-22.66%	—	—
Current Drawdown Current decline from peak	-18.41%	-42.81%	+24.40%
Average Drawdown Average peak-to-trough decline	-8.17%	-17.33%	+9.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.69%	29.77%	-20.08%

Volatility

GDE vs. BTCI - Volatility Comparison

The current volatility for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) is 7.79%, while NEOS Bitcoin High Income ETF (BTCI) has a volatility of 9.35%. This indicates that GDE experiences smaller price fluctuations and is considered to be less risky than BTCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDE	BTCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.79%	9.35%	-1.56%
Volatility (6M) Calculated over the trailing 6-month period	26.42%	31.52%	-5.10%
Volatility (1Y) Calculated over the trailing 1-year period	30.86%	39.92%	-9.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.11%	39.93%	-12.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.11%	39.93%	-12.82%

GDE vs. BTCI - Expense Ratio Comparison

GDE has a 0.20% expense ratio, which is lower than BTCI's 0.99% expense ratio.

Dividends

GDE vs. BTCI - Dividend Comparison

GDE's dividend yield for the trailing twelve months is around 4.28%, less than BTCI's 41.54% yield.

Position	TTM	2025	2024	2023	2022
BTCI NEOS Bitcoin High Income ETF	41.54%	36.46%	6.76%	0.00%	0.00%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	4.28%	4.32%	7.14%	2.22%	0.81%

Frequently Asked Questions

Can I hold both GDE and BTCI in my portfolio?

GDE and BTCI have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GDE or BTCI?

BTCI has higher volatility (9.35%) compared to GDE (7.79%). In terms of maximum drawdown, GDE dropped -32.01% vs BTCI's -48.42%.

Which ETF is better, GDE or BTCI?

On 1-year performance, GDE leads with 32.42% vs -39.20% for BTCI. On fees, GDE is cheaper at 0.20% per year. On volatility, GDE has been the lower-risk option at 7.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GDE or BTCI?

Over the 1-year period, GDE has performed better with a 32.42% return vs -39.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GDE or BTCI?

GDE is cheaper with a 0.20% expense ratio, compared with 0.99% for BTCI.

Which ETF pays a higher dividend yield, GDE or BTCI?

BTCI has the higher dividend yield at 41.54%, compared with 4.28% for GDE.

What is the main difference between GDE and BTCI?

GDE is categorized as Gold, while BTCI is Cryptocurrency. They also come from different issuers: WisdomTree and Neos. Their fees differ too: 0.20% for GDE and 0.99% for BTCI.

Which has better risk-adjusted returns?

GDE currently has the higher Sharpe Ratio (1.06 vs -0.98), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.